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AZ HB2612

Bill

Official Source

Status

Introduced

2/13/2013

Primary Sponsor

Debbie McCune-Davis

Click for details

Origin

House of Representatives

Fifty-first Legislature - First Regular Session (2013)

AI Summary

  • Amends Arizona Revised Statutes section 44-291 regarding retail installment contracts and secondary motor vehicle finance transactions.

  • Caps annual percentage rate for secondary motor vehicle finance transactions at 36% when the borrower is an active duty military member or dependent of an active duty military member.

  • Establishes that violations of section 670 of the John Warner National Defense Authorization Act for Fiscal Year 2007 constitute violations of this section.

  • Modifies language throughout the statute to replace "which" with "that" for grammatical consistency.

Legislative Description

Auto title loans; military members

Last Action

Referred to House COM Committee

2/14/2013

Full Bill Text

No bill text available